A versatile building in Randfontein for a versatile investor

Park Village Auctions (PVA) has been instructed to auction a well-maintained commercial property in central Randfontein on November 8.

PVA’s Stephen Benjamin says the property occupies a prominent position in West Porges’s main retail hub and has good visibility on a busy street.

Located at 69 Main Reef Road, the property is a facebrick, double-storey building zoned under business 1.

Both floors are open-plan and the current zoning allows for three additional storeys to be added to the property.

“The property boasts two main entrances, so it could be divided into separate retail stores or offices,” says Benjamin.

“In fact, the property lends itself to a host of various uses thanks to its layout, position within the city centre, and accessibility from arterial roads,” he adds.

NEARBY AMENITIES

Main Reef Road runs through the heart of Randfontein and the property is conveniently located where the R41 splits.

Nearby points of interest and amenities include the Village Square shopping centre, the Randfontein train station and the West Rand district municipality.

The property is surrounded by a residential area, which generates a large amount of the footfall. Benjamin says that the property is perfectly poised to accommodate numerous types of concerns, including a wholesale outlet, a gaming arcade or entertainment centre.

“Alternatively, the property can be converted into a church, a school, a hotel, residential apartments or a storage facility,” Benjamin says.

The auctioning of the property will commence on site on November 8 at 11am.